MOU NATIONAL
NEW DELHI, INDIA
By IFAB MEDIA - NEWS BUREAU - July 9, 2024 | 111 3 minutes read
The Confederation of Indian Textile Industry (CITI) and the Taiwan Textile Federation (TTF) have signed a Memorandum of Understanding (MOU) aimed at significantly enhancing cooperation and fostering exchanges in the textile and clothing industries. The agreement was formalized by Rakesh Mehra, Chairman of CITI, and James Kuo, Chairman of TTF, marking a pivotal moment in bilateral textile relations.
Under the terms of the MOU, effective immediately, CITI and TTF have committed to:
Rakesh Mehra, Chairman of CITI, expressed enthusiasm about the MOU, stating, "This partnership with TTF represents a significant step towards strengthening ties between our nations' textile industries. By fostering collaboration in trade, technology, and policy, we aim to drive sustainable growth and innovation across the sector."
This MOU underscores a mutual commitment to nurturing long-term, mutually beneficial partnerships and advancing the competitiveness of the Indian and Taiwanese textile sectors on the global stage.